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Carnival Corporation & plc Announces Exchange Rate For Quarterly Dividend

MIAMI, March 1, 2005 /PRNewswire-FirstCall/ -- On January 19, 2005, CarnivalCorporation & plc (NYSE: CCL; LSE)(NYSE: CUK) announced a quarterly cashdividend of 15 (U.S.) cents per share. The dividend is payable on March 11,2005, to shareholders of record on February 18, 2005.

Holders of Carnival Corporation common stock or Carnival plc ADSs willreceive a dividend payable in U.S. dollars. The dividend for Carnival plcordinary shares will be payable in sterling unless shareholders elected toreceive the dividend in U.S. dollars by February 18, 2005.

Dividends payable in sterling will be converted from U.S. dollars at theexchange rate quoted by the Bank of England in London at 11 a.m. on March 1,2005 (US$1 = 52.42464 pence). Accordingly, the dividend payable in sterling onMarch 11, 2005, will be approximately 7.86370 pence per share.

Carnival Corporation & plc is the largest cruise vacation group in theworld, with a portfolio of 12 cruise brands in North America, Europe andAustralia, comprised of Carnival Cruise Lines, Holland America Line, PrincessCruises, Seabourn Cruise Line, Windstar Cruises, AIDA Cruises, Costa Cruises,Cunard Line, Ocean Village, P&O Cruises, Swan Hellenic, and P&O CruisesAustralia.

Together, these brands operate 77 ships totaling more than 132,000 lowerberths with 13 new ships scheduled for delivery between April 2005 and April2009. Carnival Corporation & plc also operates the leading tour companies inAlaska and the Canadian Yukon, Holland America Tours and Princess Tours.Traded on both the New York and London Stock Exchanges, Carnival Corporation &plc is the only group in the world to be included in both the S&P 500 and theFTSE 100 indices.

Additional information can be obtained via Carnival Corporation & plc'sWeb sites at # and #

SOURCE Carnival Corporation & plc

CONTACT: Media, in U.S., Tim Gallagher of Carnival Corporation & plc,+1-305-599-2600, ext. 16000, or in U.K., Sophie Fitton of Brunswick Group,+011-44-(0)20-7404-5959, for Carnival Corporation & plc; or Investor Relationsin U.S. and U.K., Beth Roberts of Carnival Corporation & plc, +1-305-406-4832

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